Big credit to my friend Kevin “MeetKevin” Paffrath for once again putting out a killer analysis of something no one else is talking about.

And I think you need to see it.

As always, I like to warn you in advance when I see bad things coming and would you say an EXACT repeat of 2007 would lead to bad things coming?

I would.

That’s what Kevin covers in this latest video, explaining the recent stock market crash and why history is repeating itself almost exactly here in 2024, 17 years after 2007.

Basically, the Fed is doing the exact same thing they did back then and even releasing almost the exact same statements as they did back then.

The economy is fine!

We’ve nailed the soft landing!

Nothing to worry about!

Meanwhile, real Americans feel the economy is crap — the job market is terrible and inflation still feels sky high to us, despite all the reports they keep releasing to try and convince us it’s really not that bad.

Keep in mind, these are Ivory Tower Elites who haven’t been to a store in years — they send their assistants to do all their grocery shopping.  Of course they don’t know what it feels like to be unable to visit the grocery store for less than $100 each trip, and come away with far less every time.

So is history about to repeat the 2008/2009 Great Recession?

Or something worse?

Watch here for some excellent analysis (and no, this post is not sponsored by Kevin in any way, I just think he provides great value and insight and I want to share that with all of you).

Please enjoy:

FULL TRANSCRIPT:

MeetKevin:

Why is the market falling? Did we just get closer to a recession, and what is the Federal Reserve’s eerie warning we need to talk about?

In this video, we’re going to cover all of that. We’re also going to touch on the fact that Big Lots is going out of business, the corporate buyback blackout window has begun, which means no corporate buybacks to prop up lofty share prices, and some are accusing Jim Cramer of just ringing the bell at the top of the market.

Others say this has everything to do with the government shutdown starting tonight at midnight, coinciding with the expiration of the Trumponomics coupon code sale. Tesla is trading under $420, markets are red pre-market, and they’re expected to remain red during the day—but we’ll see what happens.

NASDAQ lost 51720 yesterday, which is a significant line. Bitcoin sold off a chunk, though it did bounce a little after we got those PCE numbers this morning. Some worry the Japanese carry trade 2.0 is about to take place, possibly triggering another banking crisis.

People are freaking out about the yield curve, and the Philly Fed issued some warnings. In this video, we’ll break all of this down and more, so let’s jump right in.


One of the scariest things people are pointing out, rightfully so, is a letter from the Federal Reserve—the FOMC statement from October 31st, not from this year but from 2007. I’ve highlighted it for you. Ignore the blue section, which discusses the housing correction, and listen to the parts highlighted in yellow and red.

This was 14 years ago, right before the Great Recession. Here’s what it said:

“The FOMC decided today to lower its target range for the federal funds rate by 25 basis points. Economic growth was solid in the third quarter, and strains in financial markets have eased somewhat. On balance, readings on core inflation have improved modestly this year, but recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation.

The Committee judges that, after this action, the upside risk to inflation roughly balances the downside risks to growth.”

This is eerily similar to what we just heard from Jerome Powell: that risks to the labor market and inflation are roughly balanced, with inflation recently ticking up a bit.


This similarity is unsettling and reminds many of the FED’s behavior in 2007, cutting rates on the same day in September that they did in 2024.

People are now closely watching the New York Federal Reserve’s recession probability indicator, which shows a drop in the odds of a recession within 12 months—from 70% to about 33.5%. But historically, a drop like this has often been a signal that a recession is already imminent.

For example, at the end of 2007 and early 2008, recession probabilities dropped, not because a recession wouldn’t happen, but because the market expected it to occur sooner than predicted—within nine months rather than 12.

This is why many are nervous. A falling recession probability can sometimes mean a recession is already starting.


We’ll continue from here and deliver the transcript fully.


There’s also uncertainty surrounding the pork-barrel government funding bill that failed yesterday. Mary Daly had some commentary this morning, so let’s start there.

She mentioned that policy is in a good place and that positive sentiment among firms gives her enthusiasm. Personally, I think basing Federal Reserve policy on business sentiment is reckless. Sentiment changes rapidly, and making policy decisions based on fleeting optimism isn’t wise.

For example, just two days ago, the market was at extreme greed levels, according to the CNN Fear and Greed Index. Today, it’s at extreme fear. This rapid shift highlights how unreliable sentiment is as a guide for Federal Reserve decisions.


Inventory buildup is another red flag. Mary Daly pointed out that rising inventory can slow manufacturing, leading to layoffs and higher unemployment. When consumer spending plummets due to layoffs, the economy spirals toward a recession.

The sequence typically goes like this:

  1. Inventory builds up.
  2. Manufacturing slows.
  3. Layoffs increase.
  4. Consumer spending drops.
  5. Unemployment claims skyrocket.

This is concerning, especially as we see the Philly Fed’s latest manufacturing index showing its lowest level since April 2023.


On a brighter note, the PCE inflation numbers this morning came in slightly lower than expected. Both PCE and core PCE showed only a 0.1% month-over-month increase, missing the forecasted 0.2%. Personal income missed by 0.1%, while personal spending matched expectations.

Bitcoin rallied by $1,500 after this news, but overall market sentiment remains shaky.


Yesterday, in my courses, I issued a trend alert. At 7:41 a.m., I pointed out that QQQ was at a decision point of 51720. Losing this line could trigger a selloff, and unfortunately, that’s exactly what happened.

We failed to break out twice, forming a double bottom, and continued to lose that critical level.

Some people are thanking me for the launch sale of the Trumponomics course, which includes stock alerts. If you want to receive alerts like this, go to meetkevin.com and sign up.


The Japanese yen is another key topic. The yen is currently at levels similar to those in July 2023, right before the summer stock market peak.

Some analysts, like Tom Lee, suggest buying the dip. Meanwhile, companies like AT&T are mandating a return to office for employees, which might push some to quit rather than relocate.


Bond yields have risen by roughly 100 basis points since the Federal Reserve cut rates, adding economic restrictiveness. Meanwhile, Big Lots is going out of business, and the government shutdown looms.

Elon Musk and others argue for passing bills individually rather than as massive packages. However, this approach faces challenges due to how Congress operates.

Let’s talk about the shutdown deadline. With disagreements over spending priorities, some see chaos as a necessary step to reform government inefficiencies.


Lastly, the job finding rate has collapsed over the last two months, while the employment-to-population ratio is falling—both warning signs of a potential recession.

Despite these concerns, the leading economic index beat expectations, though its reliance on stock prices raises questions about its reliability.

At this point, I remain bearish. My advice? Pay off margin, diversify, and secure your income. Whether or not we face a recession, these are logical strategies to protect yourself.


For more insights, visit meetkevin.com and explore the Trumponomics course. With that, I wish you the best of luck navigating these turbulent times.

Thank you for being here, and good luck!


If you’re looking to protect yourself and your family, Gold and Silver (God’s money) have traditionally been excellent protections against market crashes.

If history repeats itself with a market recession, will history also repeat with Gold going higher?

And guess what else….you might be able to get a lot of Gold for no money out of pocket.

Yes, really.

Here’s how:

No, It’s Not Too Late To Get Gold (With No Money Out of Pocket)….But It Soon Will Be!

No, It’s Not Too Late To Get Gold (With No Money Out of Pocket)….But It Soon Will Be!

This week we saw one of the nastiest weeks on Wall Street in years….

Perhaps dating back to the last crash.

It was so ugly people have been texting me all day about it.

I guess that’s what happens when you’re the guy who’s been preaching about gold for the last year and some people didn’t listen.

Is this it?

Is this finally it?

Did I wait too long?

Did I miss out?

Those are the essence of the messages I received today.

But I wanted to share what I wrote back to a good friend (Mark) who texted me today and asked “Is the market finally crumbling?”

I wrote back the following:

I stand by that 100%.

There is almost ZERO history of a stock market crash ever happening in the summer.

Just doesn’t happen, don’t ask me why.

But they DO happen in the fall and winter.

Almost every time.

And I do believe one of the final cards they can play against President Trump if he wins (other than assassination, which failed) is crashing the economy on him.

Make it so bad and keep him so distracted by a crash BIGGER than the Great Depression that he can’t do anything else!

That makes a lot of sense, doesn’t it?

I think it’s exactly what they’re gonna do.

So was today the start of the crash?

No, I don’t think so.

I think it was just a little blip….a test balloon…..a warning signal.

Just a baby little blip on the radar!

The big one will come later, and it will make today look like child’s play.

That’s my take.

So are you too late to take action?

Too late to prepare?

Too late to apply some defense?

No, I don’t think so…but I think time is quickly running out.

It’s why I have been preaching so much about Gold and Silver and why I’ll continue to do so.

Simply put: GET YOUR MONEY OUT OF THE BANKS!

And out of the (trash) US Dollar!

Got Gold?

Got Silver?

The really cool thing is you might be able to get a TON of it for no money out of pocket.

Yes, really.

You see, if you have a retirement account, there’s a good chance you can shift a portion of that from risky stocks and bonds into Gold and Silver (Precious Metals)!

I’m not a financial advisor, so I can’t tell you what’s right for you, but if you think you can’t “afford” to get Gold right now, you might be absolutely wrong!

In fact, it’s might be “Free”.

Keep reading for details:

GET YOUR MONEY OUT OF THE BANKS!

I’m going to give you one big disclaimer upfront: I am not a financial advisor and I can’t give you personalized financial advice.  We square on that?  Ok good.

But I am a reporter and what I see happening with the banking system scares me a lot.

The first thing that scares me about keeping dollars in a bank account is how they lose value year over year.

You know that right?

Think you’re being smart and “saving up”?

You’re literally losing money every year to inflation.

This perfectly sums it up:

Yes, if you simply left $1 million in cash in the bank since 1913, do you know what it would be worth?

$40,000.

Your $1 million from 1913 would have the purchasing power in 2024 of $40,000.

Ouch!

But that’s not even what scares me the most….

What scares me is another round of bank closures like we had last year.

Here’s what’s happening in China right now:

BREAKING: 40 Chinese Banks Just Crashed and Vanished — “Worse Than 1980 S&L Crisis!”

Yes, that’s real.

And yes, I believe it comes here next.

But even if your bank is open, can you get the money out?

Have you ever tried?

Sure you have to leave some money in there, but you don’t want big amounts of money sitting in bank accounts.

Because you might never be able to get it out!

Go ahead, test me out on this…even right now in good times (before a full-blown banking crisis hits America) go to your bank right now and try and withdraw $10,000.  They will look at you with panicked looks on their face.  I guarantee it.  Then they’ll go get their supervisor.  The supervisor will come over and tell you they can’t do that today.  Come back in 2-3 days.  And then they’ll start the interrogation.  “What do you need this money for?”  “Where is this money going?”  Only after you answer all their questions, wait 2-3 days, fill out a bunch of paperwork, only then will you MAYBE be allowed to take YOUR money out of YOUR account.

I guarantee that’s how it will go for you….

Test me out!

Go try it and report back below in the comments.

So now the big question: Ok, what can YOU do about it?  

How do you prepare?

How do you make sure you and your family are not at risk when the banking crisis hits America (which I believe it will, very soon).

The answer is you do exactly what I’ve been preaching about for over a year now….get your money OUT of the banks!  (Not personalized financial advice, just common sense from where I sit).  That’s Step #1.

Hold firm, be determined, play their stupid games, and get your money out of the banks!

Because while YOU view it as your money in your bank account, that’s not how the bank views it.  The bank views it as their money.  And the dirty little secret is they LENT OUT your money to other people already.  Sometimes 9-10 times over!  It’s true, I’ll do a separate report soon on that explaining “fractional reserve banking”.

But Step #2 is the most critical….you don’t want to just get your money out of the banks, you want to get it out of the US Dollar.

The most basic and traditional financial wisdom has always viewed Precious Metals (Gold and Silver) as the safest places to have your money when a crisis hits.

So while I can’t give you personalized financial advice, I can tell you a couple things: (1) the Big Central Banks have all been buying Gold and Silver hand over fist for the last couple years.  Gee, I wonder why?  And (2) Gold and Silver have stood the test of time back to the Bible times as being the best store of wealth to weather out a storm in the economy.  Period.

And now Step #3 is where I’m going to make sure I don’t leave you hanging.

I have two killer connections for you…

Two companies that I trust for getting the best deals on Gold and Silver.  PHYSICAL Gold and Silver, the real stuff.  Not some phony symbol traded on some stock exchange that may or may not have actual Gold and Silver backing it up.  You want the real stuff.

And because I love the free market and competition, I have two great companies to recommend to you.  You can talk to both, see who you like better, and then take action!

The first is WLT Precious Metals ran by my friend Ira Bershatsky.

I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty.  They were very pleased.

That’s how much I trust Ira.

I didn’t tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a “secret shopper” test and Ira passed with flying colors.

Of course I knew he would.

That’s why I work with him and that’s why I have confidence telling you about him.

Ira can handle bulk purchases of bullion, coins, whatever you want.

All custom ordered and shipped right to your door.

A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.

You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ira can also help you if you want to purchase Gold and Silver in your IRA.

I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.

The thing I love about purchasing in your IRA account is you can do it with no money out of pocket.  You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.

Again, I’m not your personalized financial advisor, I’m just explaining how it works.

And it’s REALLY cool.

So even if you’re saying times are tough right now, I don’t have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.

Ok, that was option #1.

Now I want to tell you about option #2.

An equally great company, I am so happy to be working with these guys.

This next company is called Genesis Gold and this is also for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

In addition to “no money out of pocket”, do you know what the beauty of that is?

TAX FREE baby!

I’m not a tax advisor, but that’s a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that’s why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

There’s so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

They call it “Faith-Driven Stewardship” and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

Sincerely,

Genesis Gold Group

Empowering Faith-Driven Stewardship

Oh….and they’re VERY good at what they do.

You also get physical gold and silver with Genesis, believe it or not!  The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!

I love what these guys are doing.

Here’s more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell ’em Noah sent ya!

Oh, and did you know Genesis is recommended by SUPERMAN himself?

It’s true.

Superman himself, Clark Kent — Dean Cain — came on my show and we broke it all down:

Watch here:

Stay safe!

Be ready.

Be prepared.

Before you go, I have one more thing to show you….

This actually just came out and it’s super cool.

In addition to bullion, coins or even Gold and Silver in your IRA, this has a very specific purpose and it might be worth having some on hand:

Buy It — Break It — Trade It — New Silver “Invention” Has Never Been Done Before!

A new physical precious metals product launched that immediately caused a stir in the gold and silver industry. “Prepper Bar” is a utility bar that is perforated to allow owners the ability to break off pieces ranging from 1.5 grams up to 7.7 grams.

They fit nicely in one’s wallet so they can be carried around constantly.

“People have been asking me how we came up with the idea and I have to tell them that I can’t take credit,” said Jonathan Rose, CEO at Prepper Bar. “Over the years, our customers have been asking for something tradeable, portable, and spendable so we made Prepper Bar as the perfect accommodation.”

These 62 gram bars are flat and come in either silver or gold. The Silver Prepper Bar is available for immediate shipment while the Gold Prepper Bar will be available by the end of June.

We asked Rose what makes these bars so different from regular bars or coins.

“Gold and silver are great for holding wealth but you’d need a pretty sturdy hacksaw to shave off incremental chunks for sale or barter,” he said. “Prepper Bars are strong but they can be easily broken along the perforations so if we find ourselves in a pinch, we can break off the right amount, no problem.”

Check out the new Prepper Bars today!

How cool is this?

(Note: Thank you for supporting American businesses like the one presenting a sponsored message in this article and working with them through the links in this article which benefit WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold!  The information provided by WLTReport or any related communications is for generalized generalized informational purposes only and should not be considered as personal financial advice. We do not provide personalized investment, financial, or legal advice.) 



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